Replies to post #131142 on DD Support Board and Research Team

[e-ore]

Control in TGLO bought for $25,000 lol. Worth $62.5 million now at .20

e-ore Member Level Sunday, 12/24/17 06:56:30 PM
Re: Monksdream post# 130610
Post #
130617
of 131142 Go
Control in TGLO purchased by William R. Nichols for $25,000, lol. From Thursday's after hours filing

"Pursuant to the Purchase Agreement, the Sellers have agreed to sell to the Purchaser, and the Purchaser has agreed to purchase from the Sellers, a total of 312,825,952 shares of Common Stock owned by the Sellers, representing approximately 70.9% of the outstanding shares of Common Stock (the “Purchased Shares”). The closing of the purchase and sale of the Purchased Shares (the “Closing”) is expected to occur on December 31, 2017 (the “Closing Date”). As contemplated by the Purchase Agreement, each of the current members of the Board, who are Michael S. Egan, Edward A. Cespedes and Robin S. Lebowitz, will resign from the Board and their respective officer positions with the Company, and William R. (Rusty) Nichols will be appointed as the sole member of the Board and as an executive officer of the Company. The purchase price for the Purchased Shares is $25,000"

archive.fast-edgar.com//20171221/AQAZO62CZZ22SZZA22TC2ZZH9LNLZB22ZQ92/

[janice shell]

Purchasing the shell just for the Net Operating Loss or to dissolve all the common shares doesn't really make much sense to me.

According to 1manband, there's rarely any advantage in doing that:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136731739